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A small cap stock priced below ₹ 15 has shown a strong rally of 48% this year and is going to be in the headlines again on Monday. This marble company named Oriental Trimax has given many big business updates, which can have a direct impact on its stock.
A small cap stock priced below ₹ 15 has shown a strong rally this year and is going to be in the news again on Monday. Oriental Trimex, a small cap stock which has climbed up to 48% this year, may remain in the news on Monday, July 7. After the stock market closed on Friday, July 4, the company released an important business update, in which improved operational efficiency and increased profits were expected.
New revolution in marble industry with smart cut machine
The company said that for the first time in the industry, they have launched a SMART CUT machine, which cuts marble with a thin wire of just 0.55 mm. Whereas traditional blades are up to 3.5 mm thick. This reduces waste by about 20%, improves yield and helps in increasing profits.
According to the company, this high automation technology will also reduce labor costs and greatly increase the speed of work, giving the company a first-mover advantage in the market.
The company got mining lease of black granite in Odisha
The company has received the official lease for mining Jer Black Granite from the Odisha government on 21 May 2025. The company is set to start digging from this quarter and may also start commercial production soon.
Talks with companies from Vietnam and the Middle East
The company said that it is in talks with several companies in the Far East and Middle East to increase exports, of which talks with a Vietnamese company are in the final stages.
The company will sell land to slim down operations
Oriental Trimax said it plans to sell its Somnathpur Industrial Estate (7 acres) and a small granite unit located at Rairangpur Industrial Area in Odisha to reduce costs and improve liquidity.
The company also said that the trend of luxury apartments is increasing rapidly in Delhi-NCR, due to which the demand for their products is also constant.
Stock performance
Oriental Trimax stock has given a return of 48% so far this year. The stock touched a 52-week high of ₹ 17.63 on June 18, while its 52-week low was ₹ 7.82 on August 8, 2024 .
On Friday, the last trading day, Oriental Trimax shares closed at Rs 14.05 on the Bombay Stock Exchange (BSE) and at Rs 14.09 on the National Stock Exchange (NSE).
Disclaimer : The views and suggestions expressed above are those of individual analysts or broking companies and not of Fortune Bath. Investors should seek advice from certified experts before taking any investment decision.
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